For the Year ended December 31, Beal Co. estimated its allowance for uncollectible accounts using the aging of year-end Accounts Receivable.
The following data is available:
Allowance for uncollectible accounts (1/1): 42,000
Provision for uncollectible accounts (2% on credit sales of $200,000): 40,000
Uncollectible accounts written off, 11/30: 46,000
Estimated uncollectible accounts per aging, 12/31: 52,000
What should the uncollectible accounts adjustment be after year end adjustment?
